NEOTEC – Opportunity for small innovative businesses constituted in the last three years*
The NEOTEC initiative’s main objective is to support the creation and consolidation of new technology-based companies in Spain.
As a novelty for this year, the incorporation of staff with a doctorate degree is prioritized with the aim to reinforce the company’s absorption and knowledge generation capacities. The granted financial aid may be used for business projects in any technological and/or sectorial field.
Up to 70% of the eligible budget may be financed, with a maximum grant amount of 250,000 euros per beneficiary. Nonetheless, projects that include the employment of at least one employee with a doctorate degree may be eligible for up to 85% of the budget of the project, with a maximum grant amount of 325,000 euros per beneficiary.
Which costs will be financed?
The costs derived from the start-up of a new business project can be many, examples of (but not limited to) costs that the NEOTEC program will finance are:
- Investments in equipment
- Staff expenses
- External collaborations / consultancy
- Other costs such as rentals, supplies, royalties and licenses, application and maintenance costs for patents and other industrial property rights, and insurance.
Deadline for submission: The important date to keep in mind is July 8, 2021, at 12:00 noon, Peninsular time.
Please reach out to us with any questions or doubts regarding your project’s eligibility, we would be happy to support you during the application period and towards the funding of your project. Contact us today!
* in the last three years prior to the closing date of the call.